Severance Amount
State the exact gross dollar amount and any conditional components such as prorated bonuses or accrued PTO payments; define gross versus net where applicable.
A well-drafted confirmation reduces ambiguity, limits post‑employment disputes, and guides payroll and benefits processing. It documents mutual expectations about payments, tax withholding, return of property, and any release language that affects future claims.
Employers, HR administrators, and legal counsel prepare severance confirmations; departing employees sign to accept terms.
Copies should be retained by employer HR, payroll, and the signed employee for their records and future reference.
State the exact gross dollar amount and any conditional components such as prorated bonuses or accrued PTO payments; define gross versus net where applicable.
Describe timing and method (lump sum or installments), include payroll dates, and specify whether payments are subject to standard tax withholdings.
If the employee signs a release, include precise waiver language, any scope limits, and reference applicable state or federal claim rights.
Document COBRA eligibility, employer contribution period, and dates when health or retirement benefits cease or continue under the plan.
List items to be returned (devices, badges, files) and any procedures or deadlines for return to avoid offset or deduction disputes.
Specify non‑disparagement, confidentiality obligations, and any carve-outs required by law or by prior agreements between the parties.
Choose a platform that preserves an audit trail, supports common file formats, and fits your authentication needs.
Ensure your vendor supports required compliance standards for your industry and that signed copies are stored securely with accessible audit logs.
| Field | Configuration |
|---|---|
| Signature Type | Electronic signature or drawn signature |
| Authentication | Email link or SMS code |
| Template | Reusable template with locked clauses |
| Routing Order | Sequential signer order |
Complete signature before scheduled severance payout date.
Submit to payroll per employer cutoff to meet payment schedule.
Provide COBRA election information per plan and federal requirements.
Treat severance per payroll rules and include on Form W-2 or 1099 as required.
Retain the executed agreement according to company policy and legal requirements.
Employer provides proposed severance terms to employee for review.
Parties agree on final language and monetary terms.
Signatures obtained and dated by all required parties.
Payroll processes payment and HR files the agreement securely.
Optica documented severance terms for remote transactions to reduce turnaround time and administrative steps.
A real estate small business standardized confirmations across offices to ensure consistent tax and payroll handling.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |